In July, home prices rose moderately from the month before, with a median listing price of $144,950.
The number of listings on the market grew 6.5% from last month, which is typical for this time of the year in Cleveland, and homes are also selling slower than at the same time last year.
Home prices in Cleveland
Typically, home price per square foot in Cleveland tend to rise in July. But the most recent data shows that the price per square foot decreased by 1.0% compared with the month before.
So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 0.9%, which means price changes in the Rock and Roll Capital are larger the national market.
Cleveland inventory
In July, there were 825 homes for sale in Cleveland, which was 6.5% more than the month before and 21.2% more than the same time last year.
Meanwhile, active inventory across the nation rose by 1.9% from last month to 1,102,787.
Time on market
Homes in Cleveland take an average of 46 days to sell, according to July figures.
This is two days more than the previous month and six days more than the same month last year.
For comparison, nationally homes spent an average of 58 days on the market in July.
Use the Realtor.com data portal to get more market data, broken down by state, metro or ZIP code.
* Here’s a live look at popular listings and recent home sales in Cleveland, OH.